Zcash (ZEC) Reaches 24 Hour Trading Volume of $69.54 Million

Zcash (ZEC) traded up 9.2% against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on March 2nd. One Zcash coin can currently be bought for $40.14 or 0.00047158 BTC on popular exchanges. During the last week, Zcash has traded 8.6% higher against the U.S. dollar. Zcash has a total market cap of $637.72 million and approximately $69.54 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 2.2% higher against the dollar and now trades at $12.87 or 0.00015117 BTC.
• Bitcoin Gold (BTG) traded 1.9% lower against the dollar and now trades at $3.90 or 0.00004584 BTC.
• Pirate Chain (ARRR) traded 0.7% lower against the dollar and now trades at $0.16 or 0.00000184 BTC.
• Komodo (KMD) traded up 4.7% against the dollar and now trades at $0.19 or 0.00000222 BTC.
• ZClassic (ZCL) traded up 1.3% against the dollar and now trades at $0.0735 or 0.00000086 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 15,905,531 coins and its circulating supply is 15,886,821 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash.

According to CryptoCompare, “ZCash (ZEC) is a digital currency and decentralized open-source cryptocurrency, launched in 2016. It provides users with enhanced privacy and selective transparency of transactions. ZCash is based on the zero-knowledge proof protocol known as zk-SNARKs. This protocol allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Transactions can be audited, verified and tracked without revealing the sender, receiver or transaction amount. ZEC is an inflationary currency, with a maximum supply of 21 million coins. It is accepted by a growing number of merchants, exchanges and other services.”

Zcash Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView